“In the second quarter, we delivered strong performance in our higher-value software and mainframe businesses and again significantly increased our services backlog on growth in new business," IBM CEO Ginni Rometty said in a statement.

IBM’s results underscore the slowdown in growth around the world.

Americas sales fell 3% to $10.7 billion and revenue in Europe, the Middle East and Africa flatlined at $7.8 billion. IBM said its Asia-Pacific revenue slumped 8% to $5.8 billion. Revenue in Brazil, Russia, India and China, the so-called BRIC countries, was unchanged.

Still, management raised its full-year non-GAAP EPS view by 20 cents to $16.90, which would top estimates of $16.63.

Digging into IBM's quarterly numbers, the company said its global technology services sales slid 5% to $9.5 billion, while its estimated services backlog stood at $141 billion, up 3% year-over-year.